Dear Friends,
Here is Mondays flashnews, we have removed some of part and prices as members doesn’t like us to put all information’s out.
Dear Members,
This week newsletter we mentioned that Monday and early Tuesday looks very positive for metals but we also mentioned that great time so sell metals on Tuesday as from late Tuesday, Wednesday and first half of Thursday will be negative (Moon says this sharp corrections will be only for shorter period) for metals. Higher side gold may touch $1928 and silver $44.78 on early Tuesday and lower side we are not predicting any prices for Tuesday and Wednesday as fall will be very sharp. You have to buy back whatever prices they trade on late ....... These are only for shorter term for the next thirty six hours, metals can correct sharply any time from late Tuesday but buy on late ...........
Base metals specially, copper and palladium to remain weaker but platinum will make new high.
Currently S&P is trading around 1121, it is great buying opportunity in S&P around 1118 but I am just concern about EU zone as any negative outcome can bring huge volatility so best trade will be still buying S&P and selling EU indexes. Asian markets will trade positive so no need sell holding position in Asian market.
Oil will remain sideways, higher side it can reach $8… and lower side $8… on Tuesday. I will recommend buying natural gas on late Thursday around $...., this will be better trade than oil.
Sell today grains, sell corn around $7…, wheat $7… and Soy $13...
Soft commodities will keep performing far better, hold coffee, cotton and cocoa. Also buy sugar if it reaches $....., as soon sugar will move toward 30 year high.
From this week we started writing daily range for currencies, Monday range is below here what we predicted in newsletter.
|
|
Monday 22 August Trading range |
|
|
|
|
|
High |
Lows |
Previous day Close |
Trend |
|
Dollar |
74.35 |
73.63 |
74.10 |
Mix - Buy at lower, and sell at higher predicted price |
|
Euro |
1.4465 |
1.4315 |
1.4380 |
Mix - trade on both side |
|
Yen |
1.3120 |
1.3008 |
1.3077 |
Don't build any trade, just do day trading |
|
S FRANC |
1.2795 |
1.2648 |
1.2710 |
Sell on higher side |
|
Canadian |
1.0135 |
1.0028 |
1.0095 |
Weak- Sell On higher side |
|
Australian |
1.0397 |
1.0271 |
1.0781 |
Negative - Sell on higher side - Huge range |
|
Pound |
1.6578 |
1.6395 |
1.6475 |
Mix - but prices will come down sharply from high |
And Monday range remained: Except Australian dollar, all other currencies traded very accurately.
Dollar: 74.26 to 73.85
Euro: 1.4438 TO 1.4342
Yen: 1.3079 to 1.2988
S Franc: 1.2782 to 1.2662
Canadian: 1.0162 to 1.0072
Australian: 1.0432 to 1.0320
Pound: 1.6519 to 1.6429
Here is Tuesdays trading range:
Dollar: 74.38 to 73.83
Euro: 1.4411 TO 1.4321
Yen: 1.3088 to 1.2988
S Franc: 1.2795 to 1.2639
Canadian: 1.0119 to 1.0048
Australian: 1.0429 to 1.0310
Pound: 1.6529 to 1.6389
Best trade will be still buying soft commodities and S&P.
Thanks & God Bless
Mahendra Sharma
Monday 8.00 PM Santa Barbara